WebMD ends sale talks, CEO resigns

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Publicly traded Internet health portal WebMD Health Corp. announced that President and CEO Wayne Gattinella is resigning and the company's board has terminated talks for a potential acquisition by another firm. WebMD was among companies Yahoo! Inc. was interested in owning as part of a tax-efficient asset swap with Alibaba Group Holding.


WebMD ends sale talks, CEO resigns WebMD Scraps Talks on Sale of Medical Information Company (Bloomberg)